Orion Office REIT Inc. (NYSE:ONL) Shares Acquired by Fmr LLC

Fmr LLC lifted its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,985 shares of the company’s stock after purchasing an additional 4,750 shares during the period. Fmr LLC’s holdings in Orion Office REIT were worth $100,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Intech Investment Management LLC purchased a new stake in shares of Orion Office REIT during the third quarter valued at approximately $47,000. Delap Wealth Advisory LLC bought a new position in shares of Orion Office REIT during the second quarter worth about $44,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Orion Office REIT by 41.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,476 shares of the company’s stock valued at $48,000 after buying an additional 3,928 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Orion Office REIT in the third quarter worth $78,000. Finally, SG Americas Securities LLC lifted its stake in shares of Orion Office REIT by 99.2% in the 3rd quarter. SG Americas Securities LLC now owns 20,300 shares of the company’s stock worth $81,000 after acquiring an additional 10,111 shares during the period. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Stock Performance

NYSE:ONL opened at $3.88 on Tuesday. Orion Office REIT Inc. has a twelve month low of $3.01 and a twelve month high of $5.99. The company has a 50-day moving average of $3.99 and a 200-day moving average of $3.88. The firm has a market cap of $217.08 million, a price-to-earnings ratio of -2.52 and a beta of 1.06. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

Orion Office REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.31%. The ex-dividend date of this dividend is Tuesday, December 31st. Orion Office REIT’s payout ratio is presently -25.97%.

Orion Office REIT Company Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.